Golden Finance reported that Polygon will officially launch the upgrade of its long-term used MATIC Token to the new POL Token this Wednesday. This upgrade is part of the “Polygon 2.0” roadmap, aiming to enhance the flexibility of Token issuance, making POL the native Token of the Polygon PoS chain and other chains in its ecosystem. The annual issuance rate of the new POL Token will be 2%, with a portion of the supply being used to reward validators of the Polygon PoS, and another portion entering the community treasury to support the sustainable development of the ecosystem. Marc Boiron, CEO of Polygon Labs, stated that this upgrade is due to the technical limitations of the MATIC Token, and the new Token issuance method will provide support for the development of the community and the Decentralization of the network.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
